Nov 15, 2012, 10:30 AM EST
As Calvin Coolidge once said, the business of the Yankees is business:
News Corp is expected to announce this week that it has taken a minority stake in the YES Network, a New York-based sports channel that broadcasts Yankee baseball and Nets basketball games. The deal could be announced as early as Friday, according to a person with knowledge of the transaction.
It does not seem as though there will be any content sharing or anything like that. It’s a minority stake. The Reuters report speculates that a News Corp-YES alliance will give YES greater leverage in negotiating fees cable companies must pay it to carry the channel because Fox channels could be brought into the negotiation.
I think they should further leverage the Fox relationship by putting Karl Rove on postgame duty:
Michael Kay: And that’s it from here in Yankee Stadium. Final score: Oroles 5, Yankees 3.
Rove: WAIT! NO! THIS IS NOT FINAL!
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- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury (159)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
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- Robinson Cano met with the Mariners in Seattle (87)
- UPDATE: Mariners planning to offer nine years, $225 million to Robinson Cano (81)